LEEDS, England, September 29 /PRNewswire/ --

- With Photo

Masternaut Three X is celebrating having been named as one of the UK's
fastest growing technology companies for the second year running. The
Leeds-based vehicle tracking and mobile resource management company was
ranked 43 in the 2008 Tech Track 100 league table that was recently published
in the Sunday Times, up an impressive 20 places on their 2007 listing. The
annual Sunday Times Tech Track 100, sponsored by Microsoft, Barclays
Commercial and BDO Stoy Hayward, ranks Britain's fastest growing private
technology companies based on sales growth over the last two years.

Masternaut Three X provides end-to-end solutions for businesses on the
move, including vehicle tracking, mobile workforce applications and Microsoft
Dynamics business management software. Originally established as a best of
breed vehicle tracking company recent acquisitions have propelled the
business into one of the key players in the total mobile resource management
field. Masternaut Three X is proud to be a Microsoft Gold Partner and
Managing Director Martin Port was recently named as the Ernst & Young 2008
Northern Entrepreneur of the year for Technology and Communications and will
go on to represent the region at the national finals held in London later
this year.

"To be included within the Sunday Times Tech Track 100 for two years
running is a tremendous achievement for the team," said Martin Port, Managing
Director of Masternaut Three X. "Our continued growth is a reflection of the
hard work, dedication and professionalism of every single person within the
company. Our solutions are of even greater value to businesses at a time when
the economy is getting tougher."

Port continued, "Since starting the company in 2002 with just 3 employees
Masternaut Three X has grown sales to GBP 22 million with profits this year
rising to over GBP 2 million. The company now has over 200 employees, over
2000 customers in the UK and recently opened offices in Ireland and
Australia. This growth can be attributed to a desire to provide the best
business solutions coupled with the finest customer service, an ethos which,
we hope, will lead to future honours and success."

Masternaut Three X is a specialist in innovative vehicle tracking and
mobile workforce applications delivered over the web. Increasing business
efficiency, reducing overheads and minimising environmental impact Masternaut
Three X creates, delivers and supports end to end solutions including back
office systems for finance and CRM, mobile workforce applications and hosted
services. Masternaut is Europe's leading vehicle tracking supplier with more
than 100,000 subscribers across Europe.

http://www.masternaut.co.uk

Note to Editors:

A picture accompanying this release is available through the PA
Photowire. It can be downloaded from http://www.pa-mediapoint.press.net or
viewed at http://www.mediapoint.press.net or http://www.prnewswire.co.uk.